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HMDA data reveals reverse mortgage demographics
Urban outlines the demographic breakdown of HECM borrowers Since it was signed into federal law in 1975 the HMDA or Home Mortgage Disclosure Act has provided a wealth of data about mortgage borrowers. The HMDA has three primary objectives: to determine if lending institutions are serving the needs of their
Top-Ten Ranked Lender Exits Reverse
One Reverse Mortgage announces departure from reverse mortgage lending The news of One Reverse Mortgage’s exit from reverse mortgage lending was unexpected news for industry participants. The directive to cease reverse mortgage operations came from the lender’s parent company Quicken Loans. One Reverse Mortgage ranked in the top 10
10 Things to Trash
10 practical ways to increase your happiness & success
Bloomberg’s Plan includes reverse mortgage reforms
Mike’s got a plan for that Former New York Mayor and billionaire Michael Bloomberg’s late entry into the Democratic presidential primary has flooded the airways in recent weeks. What’s received far less media coverage is his recent plan to improve retirement security for Americans announced this Sunday. One of his
4 Homeowner Types You Should Know
Identifying homeowner types is the first step to strategic planning and business growth When it comes to retired homeowners there are movers and then there are remainers to borrow a BREXIT term. What are the impacts of older homeowners’ home buying and relocation habits in qualifying for a reverse
Sunshine, Value Crossover & Tech Removes Confusion
Exclusive on-location interview with Scott Harmes: C2 Financial’s Reverse Mortgage Division Manager
All crops require preparation
Education is the key to softening resistance to reverse mortgages Often, the one bearing a potential solution is battered for their effort. Reverse mortgage professionals can certainly sympathize with such a statement. It’s not just homeowners but our national and local media outlets who are prone to paint HECM in
